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May 17, 2024 |
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| Home > Small Business Lenders by State > Wisconsin Business Loan Sources > New London, Business Loans > The First State Bank New London Business Loans > Commercial And Industrial Machinery And Equipment Loan | ||||
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I Need Commercial Loans in Manawa, Wisconsin
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Commercial and Industrial Machinery and Equipment Bank LoansLooking for bank loans for commercial and industrial machinery and equipment? Talk to a banker who works with the SBA. This $76,772 commercial and industrial machinery and equipment loan was issued by a Wisconsin bank. This company knew how to go about getting a business bank loan. Based in Manawa, Wisconsin, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was The First State Bank, based in New London, Wisconsin. SBA Loan Borrower COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT SBA Loan Lender THE FIRST STATE BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811310 - Commercial and Industrial Machinery and Equipment Loan Approval Date 2/28/2005 Loan Approval Gross Amount $76,772 Loan Approval from the SBA Of the total $76,772 loan amount, the SBA guaranteed $65,256. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are wondering how to raise money for a company in Manawa WI, you ought to talk with a local Manawa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Manawa businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $76,772 loan. It's not easy, but why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Best Banks for Small Business in New London, Wisconsin
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